The american experience stock market crash
You are using an outdated browser. Please upgrade your browser or activate Google Chrome Frame to improve your experience. Lost all in stock market. By , Charles Mitchell, President of the National City Bank now Citibank , had popularized the idea of selling stock and high-yield bonds directly to the smaller investor.
Warren Buffett Indicator Predicts Stock Market Crash in
Mitchell and a very small group of bankers, brokers, and speculators manipulated the stock market, grew wealthy, and helped create the economic boom of the Twenties.
Many Americans spent the s in a great mood. Investors flocked to a rising stock market. Companies launched brand-new, cutting-edge products, like radios and washing machines.
Exuberant Americans kicked up their heels to jazz music, tried crazy stunts, and supported a black market in liquor after Prohibition. Explore a timeline of events beginning with early history in up through January 7, This film chronicles the year the boom went bust through the words and experiences of the descendants of these titans of finance.
While the market was rising, presidents and economists confidently predicted America would soon enter a time when there would be no more poverty, no more depressions-a "New Era" when everyone could be rich. Instead it was the rich who became richer. Jesse Livermore, a Wall Street insider, drove around town in one of six yellow Rolls Royces. His daughter-in-law describes his two yachts, private railway car and five homes, including an apartment on Fifth Avenue he bought to have a place where he could change clothes for the theater.
The film features the recollections of people whose families experienced the crash. Watch The Crash of Preview on PBS.
See more from American Experience. This program examines the economic boom before the crash, whether the crash was predictable and if it precipitated the Great Depression of the s.
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Thursday, April 19, The Roaring 20s Many Americans spent the s in a great mood.
WGBH American Experience | PBS
A Selected Wall Street Chronology Explore a timeline of events beginning with early history in up through January 7, The Crash Of Your browser does not support this object. Content can be viewed at actual source page: Become a KPBS sponsor today! Local Programs KPBS Midday Edition: Contact Us KPBS Public Broadcasting Campanile Drive San Diego, CA [map and directions] General: